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. burned out workers helping the economy. how does that work? >> if we live in utopia they would skip to work and share cookies on the coffee break. we are seeing even though people are in jobs they can't stand. myself not included. you go to work because you have pay the bills and keep your hosholted going. you are not quiting on yourself and that is part of the american drive that is keeping the going. >> is it good that 63 percent . workers feel stressed out and extreme fatigue. is that good for business? >> no, it is not good that americans are feeling stressed out. we are in bad economic times and have the lowest labor participate . 37 million americans are in poverty out there. but the fact that americans show up and go to work. it is what the greatest generation did in world war ii. i have been over to see what our soldiers are doing. times are tough and merrence are stressed and we have structurally high unemployment and america is not used to that. but americans show up to work and plow ahead. >> more americans say showing up to work is a number one priority. is that good. >>
is at stake. it is a critical time for the country. we face challenges, massive debt, and an economy that is not putting our people to work. young people coming out of college can't find work. china, which is going to be a major economic power. it has been taking a lot of jobs from people in ohio, with radical violent jihadists. this is a big election about big things, and i am proud we are focusing on what we'll do to bring real chance to a country that needs it. we have a president today that -- has a different view about guesus being on the right track. my view is that this is a turning point for america. and those people who want change from day one will vote for paul ryan and myself. as i go across the country, i recognize that people don't want 23 million americans out of work, looking for a good job. they don't want administrations compftablfortable with trillion dollar deficits and kids not getting jobs out of college, and they don't like the gridlock in washington. over the coming days, i will talk to people across the country about what those changes look like. this is deta
's had since we've been in technical recovery, the economy grew 20%. obama has grown 7%. a third the strength of reagan's. job creation much higher under reagan. what did reagan do? all the things that romney and ryan are talking about. lower marginal tax rates. obama wants to raise them. less spending. obama added $5 trillion of debt. we're supposed to have 6% unemployment, according to obama, if he spent $5 trillion. that's not what we got. we know that obama's plan put us in the worst position, fewer people working. fewer people in the workforce. people have given up on job opportunities. very weak economic growth. >> you know, i think a lot of voters, too, are sort of frustrated by the lack of anybody in congress working to the. and john earlier you were talking about the severe partisanship. and some people point to you in this taxpayer protection pledge, which i have on me. i don't know if people can see it clearly. you have everyone sign for the house of reps, i pledge i will oppose any and all efforts to increase the marginal income tax to oppose any net reduction or elim
days left to vet two choices for president. 11 days left before we decide who will oversee the economy and security and well-being for the next four years by a wide margin. the most important issue to every group polled says the economy and jobs is the number one issue to americans. that in mind, let's take a look at the two candidate, what they're doing today. governor romney has been delivering a major economic address to voters in iowa. >> this is not the time to double down on trickle-down government policies that have failed us. it's time for new bold changes that measure up to the moment. that can bring america's family to certainty, that the future will be better than the past. >> eric: president obama on the other hand, has a different agenda. today he is hanging out with mtv. look, it doesn't matter what you think of romney. what matters is this. do you really want four more years of obamanomics? check out the latest poll from abc/"washington post." when asked who do you trust more to hand the economy? romney 45 #%. president obama 43%. nine-point difference is huge. we have 1
, and it is still all about the economy. so we'll start with a great panel to talk about the american economy. what is actually going on. >>> then, you've often heard that fracking is controversial. why? we have a debate to help you think it through. >>> and do you think you have enough money? what would be enough? we'll have a fascinating discussion on the subject with lord robert skidelsky, britain's most prominent economic historian on how to answer those questions. >>> and why in the world did the nation of mali get more mention this week in the foreign policy debate than all of japan, mexico, or europe? >>> first, my take. the international monetary fund's latest world economic outlook makes for gloomy reading. growth projections have been revised downward almost everywhere, especially in europe and the big emerging markets like china. yet when looking out over the next four years, coincidentally the next presidential term, the imf projects that the united states will be the strongest of the world's rich economies. u.s. growth is forecast to average 3%, much stronger than that was germany or f
district and concentrate on how we can grow the economy in 39 counties because many of them have lost population and a congressperson. >> let's talk about the economy. >> if you're in congress, what can you do choose accelerate the recovery from the recession? >> i am focused on the local. i would start with the local. i see this the district for the lens of a teacher. i would be looking at these counties as 39 separate entities as many different communities and want to make sure i help each of the maximize their potential by creating jobs. i have spent the last year and have laying out my plan for lairs of economic opportunity. i carry my football with because i talk about creating another lawyer of the bio-8, may. >> those watching us may wonder what that has to do with a football. >> and a car that drove appear tonight came off the line in detroit. there are plastic bottles or using hog manure to make asphalt -- we can make whatever we need within 100 miles of this community. >> what needs to be done to stimulate the economy in congress? >> it is clear what i have done. i introduce
, who would have thought it. case about the improving economy. >> in 2008 we were in the middle of two wars, and the worst economic crisis since the great depression. today our businesses have created nearly 5.5 million new jobs and this morning we learned companies hired more workers in october than at any time in the last eight months. >> with only four days left on the campaign trail, the candidates were all over the crucial state of ohio. president obama made three different stops today in that state. then out west to springfield, ohio. then he headed north to lima, ohio. mitt romney was not going to be outdone. here is a look at another romney campaign rock concert and victory rally outside cincinnati. romney was also in wisconsin this morning, portraying himself as the candidate of change? >> the question of this election comes down to this. do you want more of the same, or do you want real change? and we bring real change. >> do you want 32 more months of private sector job growth? romney sure has a funny way of showing change, doesn't he? take a look at romney's surrogates at t
a plan to get this economy going. >> paul: and joining the panel this week, wall street journal columnist and deputy editor dan henninger, political diary editor jason riley, james freeman and washington columnist kim strassel. >> any evidence that hurricane sandy is going to affect this race? >> i think, yes, i think it might, in the sense that -- i think one of the big elements in the race is the level of enthusiasm on both sides. my strong sense, paul, this is an enthusiasm deficit on the democratic side. >> paul: all the polls show that. >> all the polls show that and i think it's a going to be a determining factor, now, new jersey, new jersey, maryland, it isn't going to decide whether-- obama will win those states. his popular vote may be down, i think the hurricane is going to suppress the popularity vote. >> paul: dampen that. >> and i spoke to a pollster not working for the obama campaign and agreed with dan's sentiment, turnout was an issue for democrats, enthusiasm is down, but also says that he thinks this allowed obama, even though he missed some days on the campaign trail, a
after world war ii, we were the only economy that mattered. of course we're not the only economy that matters, charles, all of these great success stories you mentioned are just that, but, it's like a big investor trying to put money into a fund, you can't put enough money into those countries. we still have a very good economy here, a growing economy. and with some severe problems that we need to address and we will. and what we'll deal with this problem best, neil is the economic growth and we're getting it, just not getting enough of it. >> all right, ben stein, final point? >> i don't understand where charles is coming from, we have been talking about the rest of the world economies like crazy and there are enormous inflows of money froms u.s., japan, china, the rest of the world in the meantime we are the biggest game in town even if our money is worthless and the other people's money is even more worthless. >> neil: i don't know, there might be a point, charles, i want to you respond, and snuck that in on you, that there are other options, you're saying, right? >> there are
pushing their plans to rev up our economy and we find out it's still not in full recovery mode and more u.s. companies are announcing major firing, not hiring. the president has his pamphlet and the governor has his overall plan. and more on the pamphlet later. and is governor romney's call right or wrong? i'm brenda buttner, it's bulls and bears. we've got gary b smith. tobin smith. jonas max ferris along with tim la camp and steve murphy, welcome, everybody. okay. the folks at forbes will tackle the pamphlet plan in one hour, fair and balanced. what about the plan to overhaul the tax code. what is it going to mean for jobs. >> i think it's going to be great for jobs. overhauling the taxes is the thing that the governor and hopefully president romney can do. and incents, if that's a word, every individual and corporation out there. provides a path of what they're going to do, what they're going to pay and if it's simplified and overhauled, it will get rid of hopefully a lot of the special interests, which takes the government out of the intervention and provides a clear playing field for
today will provide a better handle on what has actually happened to the american economy so hopefully the next president can take policy actions to make things better than the last decade or so. please join me in welcoming rob shapiro, good friend, a thought leader and economist. [applause] >> thank you. thank you for coming out. thank you to my friends that are here, including senior officials under the secretary of state. i also want to acknowledge doug of the senior economic analyst at 9 advisory company -- at my advisory company who did the numbers crunching for this, which is a capacity of mine that has become very rusty. my interest in the issue of what is really happening to the incomes of americans really began in 1988. i was running economic policy in the michael dukakis campaign, and he was making the statement comparing the median income in 1988 and the median income that some significant point in the past, whether it was 10 years or 15 years, and he said the incomes of the american people have stagnated. i went to him, and i said in know, that is really not correct. the me
're in a global economy the new world order, which was brought in by the first george bush signed into law by clinton. so this is bipartisan, that is our economy and we wrote the rules as far as a global economy and others follow it. so when we talk about shipping overseas, that's the game. we wrote the rules. i will close on this, on the great city of detroit when we always talk about the bailout or which way it should go or bain capital. people have to realize, they have to understand this, most of general motors' jobs are now presently overseas and the head of general motors who took all of the money is now crying that $7.5 million in pay is not enough. the united states auto workers are still at entry level being hired in at over $19 an hour, that's just their pay but their total compensation with health care, with their bonuses comes out to $55 an hour. >> brian in oscota, michigan. gideon moore, talk to us about the economic situation particularly in mechanic levenburg -- mecklenburg county and charlotte, which is a big banking center. >> it is primarily a finance center. we have bee
for a while. >> it is time for a new economic ta patriotism. rooted in the belief that growing our economy begins with a strong and thriving middle class. >> i get it about the class. but if we hit people with more tax people who are work maybe doing pretty well and somehow it is more patriotic to pay more taxes, i love what arthur godfrey said. he was proud to be a tax paying american and he could be just as proud for half of the money. it is not a matter of patriotism for the government to take more and more of what we earn and redistribute it not so much to people who are absolutely desperate and in need. but just to people who kind of like to have what somebody else had. there no patriotism in that. it is working hard and not expecting our government to do something for us and expecting us to do something for our government. there was a democrat named john f. kennedy. he had it right. ask not what your country can do for you. ask what you can do for your country. the way i was brought up. democrat or republican. that was patriotism. the obama late night talk show mirn tour continued th
's actually a boost to the economy. is that going to be rue in this case? >> well, no. this is a natural disaster. disasters are bad for the economy. obviously, the big hit tohe economy initially, is what we're seing in new york. nd do get rebuilding, economy benefits from that, but net, net, the economy is in a worse place. natural disasters are bad for the economy, not good. >> susie: you heard in erica's remit some businesses t are going to a benefit, maybe hox*echl builders and cuk companies. if you look at the economy, who are the winners and losers in terms of various sectors? >> well,erehere's more losers than winners. the losers would he the restaurants, they're not going to serve meals that aren't getting served. airlines, trucking companies, you know, the casinos fnlt fshs services. and ncretaried to trading is shut down for a couple of days, never get that back. the winners are clear. the homebuilders, home improvemt, you mentioned home depot and loews and hardware stores. online retailers might benefit because department storesov are closed. so some winners, but on net, more
their attention back to the economy today; investors and traders liked what they heard. americans are feeling the most optimistic they have been in nearly five years about their finances and the outlook for the economy. the conference board's confidence index jumped to a reading of 72.2 last month. driving that gain, an improving job market. new ai for unemployment insurance fell by 9,000 in the past week to 363,000, showing modest improvement in the jobs picture. we'll have more on jobs in a moment. as for stocks, the dow gained 136 points, the nasdaq was up 42, the s&p adding 15. >> susie: but economists say that encouraging report on jobless claims and the confidence survey were collected before hurricane sandy. meanwhile, the effects of the monster storm are paralyzing much of new jersey and new york city here's an update: fr and a ha mlion pple are still without power, and it could take another ten days before power is restored. limited flights have resumed at all of the airports in the new york area. public schools are still closed in the city, as well as many schools in new jersey. and
making closing arguments on an issue that's been front and center throughout the campaign. did an economy in need of a spark find one in october? u.s. employers across nearly all sectors were hiring, for a net gain of 171,000 new jobs. the labor department also revised its august and september figures higher, by 84,000. all told, it signaled slow but steady growth, and it was news that president obama wanted to play up in the campaign's final weekend, especially in one critical state. >> "oh (io), oh (io)" >> brown: the president made three stops in the buckeye state, starting in hilliard, just outside columbus. >> in 2008, we were in the middle of two wars and the worst economic crisis since the great depression. and today, our businesses have created nearly five and a half million new jobs. and this morning, we learned that companies hired more workers in october than at any time in the last eight months. ( applause ) >> brown: and the trend line seemed promising, as well. since july, the economy has added an average of 173,000 jobs per month, up from just 67,000 a month in the spring.
? >> polls show americans care more about the economy and jobs. polls show voters think romney can fix the economy and create jobs. but the media aren't connecting the dots. why not? find out next on news watch. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serus allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of hear
and then you. >> we all want an adult. these are important issues facing the world from the economy and home to the threats abroad, and to have somebody in there who is pretending and playing in joking around, i don't think it cts within months serious people. gerri: that is the way it feels. >> i don't even think he's a hipster. i think he is a phony all-around . david stern, the nba commissioner saying he is described pretty much when he plays basketball, the guy where's mom jeans. i don't even -- [talking over each other] gerri: you made fun of my jeans. >> is see a hipster are not? gei: i'm sorry. that was just crew of me, but i could not make fun -- could not help myself. a quick round here. who is going to win? >> we are close. >> romney has the momentum. obama has to break romney's momentum. i don't see how does that. >> romney. gerri: jason. >> and going to have to go with romney. the momentum is on his side in every single swing state. gerri: all right. we will hold you to that, and if you're not right we will bring you back. thanyou so much for coming on tonight. great job. i'm sor
on wall street. encouraging news about the economy. the gdp grew at a better than expected rate, up 2 for the third quarter. the gdp is the broadest overall measure of the size and strength of the u.s. economy. economists were expecting a growth rate of 1.8%. the number buoyed by an increase in consumer spending and stronger housing market. the air went out of stocks midweek. the dow fell 250 points on wednesday after poor earnings news and the market was flat later in the week. big multinationals did not farewell in earnings. caterpillar missed revenues and dupont fell short and said it would cut 1500 jobs. 3m met kpapt tigss and boeing and proctor & gamble beat expectations. among technology and internet compans, faceboo and dwra hao beat expectations but facebook and disappointed. the ipad mini is lighter than the full size ipad and 7.9 inches and $329. two product launches for microsoft introducing windows 8 than tablet, the surface which retails for $499. it's been anything bau strong earnings season so far. have companies squeezed all of the profits they canm rom the revenues ge
or simply his view is what is best for the economy, but it's a very similar proposal in my estimation and i wish that we could move ahead with them being like this then you would be tremendous benefit icing for the taxpayers to get some usefulness out of this investment that they have made in the gses and keeping them together and functioning, to use the skeleton, to use the infrastructure and awaited that allows the taxpayer to get a benefit, to get some monetization of the investment that is then made over time. .. >> i have made my decision to leave freddie mac because i thought it was going to take a long time before we would get resolution. unfortunately, i joined the company the middle of 2009. at that point, everyone was certain that the company would be relaunched at some point. possibly in a couple of years. obviously, we have been disappointed in that. as the calendar rolled through three or four years, i concluded looking at my birth certificate that i probably wasn't going to make it. that was one indication of my pessimism about when we were going to get this resolved. it was c
by the fight over the economy. it's what ultimately can tip tha scales. we have seen now an argument from the president that is about trust. and this somehow he lays it out against governor romney. >> there's no more serious issue in a presidential campaign than trust. trust matters.s. you know, you want to know that the person who is applying to be your president and commander-in-chief is trustworthy. that he means what he says. that he's not just making stuff up. depending on whether it's convenient or not. >> how is he using that argumena to advance the cause of hey, you can't trust what you're going 0 get, that's going to ultimately lead to economic recovery under the republicans? >> i think that the president, as the race gets narrower, we focus on smaller places and smaller numbers of voters. we see that become a resonant argument. we're talking about the economy in the midwest, we're talking about the economy in ohio. on the integrity issue, the trust issue, mitt romney this th week went to defiance, ohio, an told a group of 11,000 people, jeep is about to move all of their product
has risen by more than $5 trillion. the nation's economy, it is all but stagnant. this has governor romney running l as the candidate of change. >> accomplishing change is not just something i talked about. it is something actually done, and we need to have someone in the white house who cannot just talk about it, but do it. lou: the most recent poll of ohio mirrors those tight national polls. rasmussen reports showing governor romney tied with president obama at 49%. nationally the dead heat can be seen across a white canvas of polls. the real clear politics bulbuls has the two men separated tonight by a mere tenth of a percentage point to. the rasmussen reports daily tracking poll has the race at 48%. the abc washington post tracking poll shows the governor taking a one point lead after trailing by one yesterday. those of the two most recent national polls. and while the polls are tight, they are not always accurate or indicative of the of come. either candidate could win this election by a sizable margin, if you consider a sizable margin to be two or 3 percent, perhaps, regardles
reading on the economy before election day shows stronger than expected job gains. but more people were look for work last month and that pushed unemployment a tenth of a point higher to 7 .9%. still a pickup of 171,000 jobs is significant. economist stewart hoffman calls it the real deal. >> a good gain in jobs, a widespread gains, this isn't a fluke, it's a genuine improvement in the jobs market. >> in a moment lou dobbs will tell us if he agrees with that point of view. here is what is really happening. unemployment ticked up to 7.9%. however, there were more jobs available in october. in fact, the workforce rose by 578,000 americans. that's good. the reason unemployment went up is because more americans are now looking for jobs because more jobs are becoming available. the bad news is that unemployment among african americans jumped almost a full percentage point from 13.4% to 14.3%. that is a disaster. also, the real unemployment rate in october was 14.6%, including people who have given up looking for work. bottom line, 12.5 million americans who want to work, can't find employmen
am, mitt rom economy coming here tomorrow where i am and paul ryan coming here today. that's why we're here. listen, mitt romney thinks they can grab pennsylvania away from the democrat, a state the republicans haven't won since 9 1988. >> paul, thanks. randi. >>> new numbers on where things stand in florida. take a look here. this nbc news/"wall street journal/"marist poll. florida is the biggest of all the expected swing state with 29 electoral votes. >>> on the campaign trail in ohio former new york mayor rudy giuliani offered a scathing critique of the president and said president obama should resign. it happened at a rally for mitt romney yesterday. mr. giuliani slammed the administration on a lot of topics. benghazi, others. >> they're real excited today because unemployment didn't go back to 8%. ility 7.9%. they should be ashamed of themselves. the greatest country on earth, the greatest country in the history of the world and our growth is at 1.2%. he should resign! >> the founder and ceo of news corp rupert murdoch is also sounding off on the election via twitter. he blast
to accelerate the economy and grow jobs. in order to do that, we have to have a congress that knows how to work together. i learned some valuable lessons as mayor and governor. one started here on this campus. in 2008, we were going through what became the worst recession in 75 years. your president, and other university leaders, came and said, times are tough. why do we not do a construction campaign on the state colleges? there was an idea to build a virginia tech school of medicine. i worked together and by the end of it, we did a $1.4 billion -- that is to revitalize the roanoke economy. it was about jobs, public, private partnership, education, infrastructure. i have a long jobs plan. i just summarize it. democrats and republicans have to work together. that is what is needed in washington. that is how i have governed. that is the u.s. senator i will be if you send me and i have a chance to serve. >> thank you. >> thank you for watching. susan and i have been listening to the people of virginia. they want leaders to work together to get our economy back on the right track, create jobs, sto
, the unemployment rate rose to 7.9%. 47 million people are on food stamps. our economy is still on life support. and our country is $16 trillion in debt. we cannot afford four more years like the last four years, but that is exactly what president obama is offering. instead of developing a plan to address our serious challenges, his campaign is focused on phony issues. and instead of thinking big, they have wound up looking small. the question of this election comes down to this -- do you want more of the same or do you want real change? president obama promised change, but he could not deliver it. i promise change, and i have a record of achieving it. we need a real turnaround if we are going to get our economy growing and get americans working again. and i have led that kind of effort many times before. during my 25 years in business, i helped people turn their dreams into success stories. together, we built names like staples, bright horizons, and the sports authority. and helped create over 100,000 jobs. when i became governor of massachusetts, the economy was in bad shape and our budget wa
on the economy and the pressure to deliver ohio for romney. >> and former secretary of state ken blackwell that could force americans to wait 10 days to find out who the next president is. and high said it will not be close. michael baron's build prediction of a land slide on election day. live from columbus, mike huckabee. >> welcome to huckabee. we'll come to you from columbus, thitate with a big role in the presidential election. both candidates fighting for every last vote that would give them 18 electorial votes to put them past 270. and we'll talk about that in a few machines. meanwhile in the home base in new york city and all over the northeast coast, there is pure devastation in the after math of hurricane sandy. ♪ they are talk being surges we have not seen before. >> with each hour the full scope of sandy's detruction is becoming clearer. >> the level of destruction on the jersey shore is unthinkable. >> nothing. i done have anything or anywhere to go. i don't have clothes. >> we have water or electricity all of the food was thrown out. >> i didn't expect it to be that bad and
to stimulate the economy is hire more teachers. well, the answer to that is, of course they would say that, they are teachers. i think the best thing to stimulate the economy is to hire more conservative journalist. [laughter] >> i think it is just self-evident that that would work. [laughter] >> that is logic to consider that it rejects other forms of federal spending. there is also a form of keynesianism that sweeps into conservative economic thinking once you get into defense spending. they begin to talk about the loss of jobs at the close on a military base and the multipliers that we have is the hairdresser who, you know, is cutting the true terror won't have a job that point. that may come on some level be true. i could be argued with every program. with other programs we look in terms of how that money could otherwise be spent and who might otherwise be employed and what other economic opportunities are lost as a result of the government spending. but when it is defense spending, conservatives have a bit of a blind spot with that. the purpose of national defense is defending the nat
don't vote we could have bush versus gore all over again. the economy, stupid. friday the last jobs report before the election. last month, it gave the president a boost. will the october number matter more? i'm chris matthews. welcome to the show. with us today, "time" magazine's joe klein. the bbc's katty kay. cnbc's kelly evans. and "the washington post's" david ignatius. first up, we're staring down at the wind tunnel now but historic perfect political storm in the coming nine days of this campaign. and these closing days when we played out in mind games on both sides. the president saying he jist wants to hold on -- he just wants to hold on. >> what we have is a lead that we've maintained throughout this campaign. and we are going to just continue to drive home the message that there are two fundamentally different choices in this election. about where we take the country. chris: and he's on the air with a fear factor ad. >> 537. the number of votes that changed the course of american history. >> florida is too close to call. >> so this year, if you're thinking that your vote d
about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because t
a great caterer. >> myths about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argoankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many
the clinton administration when the upper income earners were doing well and the entire economy was growing. we will have to make some tough choices. a balanced approach is the only approach i believe will get us there. >> your rebuttal? >> it's amazing to me that you can stand here having voted 4 trillion dollar deficits for the last of four years, the largest, fastest debt increase in american history and say we have to control spending. you've done nothing to control spending over the last four years. with respect to cut, cap, and balance, it's amazing to me that the idea of cutting wasteful spending, capping the ability of congress to spend money we don't have, and balancing the budget is extreme. i think it would force congress to set priorities and stop funding things like solyndra and to prioritize things like social security, medicare, and education. that's why i support a balanced budget amendment to the constitution. >> the race to succeed retiring new mexico senator akaka is just one of the key house or senate government races you can follow on c-span.org. -- house, senate, and g
definitely be smiling. we're seeing a continued deterioration of the small business economy. we're seeing month-over-month hiring continue to fall. we're seeing the average paycheck continue to fall. where we are seeing growth is in temporary or contract workers. > > let's backfill some of the numbers. hiring: what happened there? > > hiring we saw it fall 0.1% month-over-month, and it's clearly down for the year. > > you call it the pay index, but that's essentially what small businesspeople are paying their employees. what happened there? > > the average paycheck fell 0.2%. so, the take-home pay was hurt in the month of october. > > and you had, the last time you were here, there was a trend it seemed like with more and more contractor use. is that continuing? > > it is a continued trend, and we're seeing more and more contractors on the payroll as one of the sort of relief valves given all the uncertainty about the future of the economy. > > so that means that instead of hiring more, they want to have the contractors in as sort of a buffer, because they don't know where things are goin
about the critical issue remaining, the u.s. economy, the final jobs report before election day came out today. employers added 171,000 jobs to their payrolls in october, better than the experts expected. unemployment rate ticked up to 8.79% as people actively looked for work, not surprisingly with four days to go, both sides are actively spinning the numbers in their own direction, peter alexander from westchester, ohio, good evening. >> reporter: brian, good evening to you with a quick hat to kid rock struming the guitar on the stage, both sides say the job numbers back up their case, both the president and mitt romney spending much of their day here in the state of ohio, how important is the buckeye state? so important that betweenq the two of them they will be here five more times over the next three days. charging into the campaign's final weekend, each candidate tried to frame the latest unemployment reports to his advantage, as either a sign of economic progress. >> this morning, we learned that companies hired more people in october than at any time in the last eight months. >> r
people they're talking to are telling them, the economy is still the central issue in this campaign. >> i think the economy is not doing well and i think romney is the guy that can turn it around, gets back on track, get things going again for starters and i'm worried about the budgets, the deficits. all my kids are in their 30s and we need the bubbling economy to move them along. >> a lot of people are hurting right now. but the president's ideology is what we need. >> i would say that the stimulus package was a really big success and i thought that, you know, i want government to play a role in our lives and i have a feeling that romney doesn't think that it should. >> let's met bring in jonathan althar. welcome to my home state. let's talk about the economy and we put it in the context of the latest poll. jonathan, is this an economy election in ohio? >> it always is. this is the heartland of america and even when the economy isn't as big as it is this year, in ohio in particular, it's about those working class voters and whether they think that one candidate or the other is providing
the economy, his record, and responsibility where the unemployment rate and in this economic recovery now stand. voters simply trust governor romney more on this most imrtant issue. let's reveal -- that is revealed in poll after poll. a new "washington post" poll shows governor romney turning the economy around. with an 11-point lead as well, and to america trust moreo work with both parties in congress. so to give this election does turn on the economy, governor romney has, perhaps, an edge going into the election's final hours. we will take up the election, which way the swing states we will breaking key demographics with former bush chief of staff and campaign savant karl rove. retired navy admiral james lyons joins us he says the american people deserve to hear the truth about pin gauzy, and it is time for the president to come clean. he joins us live tonight. not only the president in question, the balance of power in congress to be decided. and that is the subject of tonight's start talks. joining me now, former deputy chief of staff to president george w. bush, kal rove. fox is a c
sandy and all, regardless of what happens in the end it will have a big impact on the economy and the administration says, it is improving and we got the latest hint of that, the final jobs report, before the leck and that is, surprising spurt, better than 170,000 jobs, added, plus to the economy and unemployment rate of 7.9%, and back with us is jack welch, who might quibble with the rate, in about the last time and you still don't necessarily buy these numbers? >> neil, look, the real unemployment rate, take the last ten years, prior to 2009 recession, ten-year average of what is called the participation rate, how many people are working, temporarily, full-time, and, you take that number, and you take ten-year average, and you run it now with the workforce. you have an unemployment rate close to 11% and that is what the real unemployment race, people are feeling, out there. now, garbage workers have walked away and that is the real rate and the number, 7.8, that popped in the other day, didn't make any sense. i mean, you had a number that said we had more people added, since
the economy is that investment, and the fact it's declining? wow, that's really a bad sign. neil: scott, a better future indicator? what so many ceos are saying i'm preparing for the worst just in case. suspect that a more telling future? >> yeah, look at consumer spending numbers. the positive note is it increased, but guess what? it's down from the first quarter and down from last year so you're right, the businesses look at the dollars from the wallets saying, hey, they are not flying out of there. if you look the the investment numbers, convicting to gdp last year and the year prior, which, by the way, gdp, 1.7%, below the trend this year, 3% in 2010. the economy's deaccelerating. neil: adam, do you think of that? >> well, things could be better. fact of the matter is the economy is growing. it's not growing as much as we'd like it to grow, but it is growing. >> not as fast as before. >> the housing sector's recovering, key, it should recover. it's been down for so long, and the financial system is sound, you know, balance sheets generally good, so we can focus on the negative, or,
. thanks so much for that. >>> turning to the economy third quarter gdp came in at 2% today. not great. better than the sat 1.3% growth rate last quarter but a new survey of economists says there is still no light at the end of the tunnel. if automatic spending cuts kick in it could cost the economy $100 billion. it gets worse though. they say the t hikes that could come are twice as big of a problem. they would cost $200 billion. my favorite economist peter morici is here to commiserate with me over this one. this report is staggering. i like it though i have to say when somebody goes out and quantify the impact of these things because i don't want emotion. i want to focus in on the numbers. so let's do that. $200 billion out of the prate sector if the bush tax cuts go away. 100 billion of government spending that would stop under the sequestration. do those numbers sound about right to you and is there a multiplier at work here? does it matter more if you take money away from the consumer in forms of evaporating tax cuts or the government spending? >> well i don't know that it matter
on the president and how he's doing on the economy. 45 percent are approving of the job is doing. 52 percent are not. i should say that approval rating has edged up. this could be, perhaps, the more distressing news for at least mitt romney. he still leads among independent voters by 7 percent, but that has gone down from 12% that he enjoyed a little more than a couple weeks ago. you can extrapolate all you will from these polls. doesn't mean that the trend is the residence friend again, six days to go, it's anyone's guess. the romney folks still feel the momentum is there. in the sunshine state particularly. >> hi. on the subject of disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education,
, this means jobs and the economy is an issue that is certainly front and center ended is the number-one issue, but it may not bring home as much as other issues -- ring home. host: what are the swing areas of that states that have historically provided the winner with the electoral votes? guest: by now we are seeing that the candidates are coming into -- particularly the president's campaign has been coming into the sea coast, rockingham county area, cities like rochester are certainly areas that are indicative of what may happen in this election. but the other location candidates are coming into is the city of nashua, the second- largest city in the state. we are seeing the president was there a few days ago last saturday. it seems to be a place that is being fought over. it's along the massachusetts border. massachusetts is the stated that governor romney led. so it is a very interesting area. many of the people from nashua work in massachusetts. host: who are the voters in this area? guest: new hampshire has traditionally libertarian streak. our motto is live free or die. it is a tossup lo
in this country to push our economy and improve the economy over the next four years. host: breaking news this morning. we have been talking about the jobs numbers coming out today. 7.9%, slightly up from 7.8%, the unemployment rate, from september. showing 171,000 jobs added in october, this according to the u.s. bureau of labor statistics this morning. i want to get your quick reaction to those numbers. guest: first of all, that is virtually no change. yes, it is an uptick, and it was down the month before. but unemployment is staying basically around 8%. if you count the people of -- who have given up looking for jobs in this country, we have over 20 million people who are unemployed right now. we have to address their needs and concerns, and make sure they have jobs over the next four years. by producing 12 million jobs, a lot of these people will be put back to work. if we continue the policies of the last four years, i am afraid we will see the next norm for unemployment in this country will be 8%, and the unemployment figures are going to stay around that 20 million figure. i think
and comprehensive response to the financial crisis, an event that devastated the american economy, cost the american people trying to dollars and millions of jobs and undermine the confidence in our financial system requires if it is to drive and support a growing economy. the sweeping scope of this financial reform legislation sometimes it secures the fact that despite its breath, and is rooted in the handful of sound principles that should have been more firmly in place before the crisis in his embrace serves to make markets more stable and efficient. simple principles, like markets should be transparent, regulation should be consistent without gaps that can be exploited by those who wish to indulge in risky, destabilizing or even illegal behavior. market participants, not taxpayer should read the risk market activities and regulator should have willingness in both the need to apply these principles to the day-to-day workings of the financial markets. the dodd-frank actress at a principles into the foundation for effective regulation. interestingly, the title of the historic legislation seems to s
's going to be dominated by the economy. it can tip the scales. we have seen an argument from the president that is about trust. this is how he lays it out against governor romney. >> there's no more serious issue in a presidential campaign than trust. trust matters. you know, you want to know that the person who is applying to be your president and commander and chief is trustworthy. that he means what he says. that he's not just making stuff up depending on whether it's convenient or not. >> how is he using that argument to advance that cause? you cannot trust what you are going to get to lead to economic recovery? >> i think the president is -- as the race gets narrower and narrower, we focus on smaller and smaller places and voters. it's a very resonant argument. we are talking the economy in the midwest, in ohio. on the integrity issue, the trust issue, romney went to defiance, ohio and told a group of 11,000 people jeep is about to move all of their production overseas. i read that somewhere. not at all true. it's okay to make a flub, but not to correct it. they asked are you sure he
obamacare. its stifles the economy, and it does not reform health care. it is going to take $10 billion from the economy on an annual basis it does not work, so we need to talk about the past. one is more government control. >> senator, your response. >> first, i want to thank the networks and my family, my wife of 35 years, my daughter, and my other daughter, and 60% of the grand kids are here. it is good to have james here. jobs are critically important, and i think if you take a look at what is wrong with washington, d.c. compan, there a long list of people. the jobs bill as a prime example that you brought up. it is interesting the gentleman i am running with is hyper partisan. he mentioned rosa, and she has gotten off hold of me and said he has not been much of the health on the subcommittee, and quite frankly, what needs to be done is people need to work together as americans. is when doesion thi politics trump jobs? is it when clean air or clean water is at stake or perhaps politics? >> the answer is jobs, and we need to create an environment in washington, d.c., where we are working
back to the basics as the number one topic on the campaign trail is you guessed it the economy. cbs reporter tara mergener on how the candidates are focusing their final days of campaigning. >> reporter: governor mitt romney hit the stage, in ames iowa, ready to jump on new economic numbers. >> last quarter our economy grew at just 2%. after the stimulus was passed the white house promised that the economy would now be growing at 4.3%. over twice as fast. >> reporter: romney pointed the finger at the president's policies and is using the economy to make his closing argument to voters in the battleground states. >> this is not the time to double down on "trickle-down government" policies that have failed us. it's time for new bold changes that measure up to the moment. >> reporter: the white house looked at the new numbers as a sign the country is heading in the right direction. the economy expanded at a right higher than most expert predicted. vice president biden told voters in wisconsin a romney presidency would erase all the progress the president made. >> we believe for american
the economy grew at a 2% annual rate in the third quarter. that's better than expected, and up from 1.3% in the second quarter. where's the economy cooking? we asked anthony mason to show us. >> reporter: from its storefront in plainfield, new jersey, e & a restaurant supply ships out everything from stoves to plates and silverware. owner joel green says restaurants are opening again and that's been good for business. >> things definitely have picked up but it's been fairly strong all the way since april up until this point. >> reporter: green says the uncertainty surrounding the election is making business owners more cautious, but he likes the direction his business is headed. >> if it keeps rolling the way it is, i see it being strong. >> reporter: the 2% growth in the economy nationally in the third quarter was fueled in part by consumer spending, which rose 2%, and by a housing market that's showing increasing signs of life. but a 13% jump in defense spending by the government played the biggest role. without that increase, the economy's growth rate would have been only 1.4%. thi
, to big an economy. the government can effect the direction of developments not the degree. >> the medication isn't that much stronger. i mean, you rule out protectionism, trade wars with china that kind of stuff which a lot of people reach to as a cure what's in the disease. >> yes. >> you're obviously strongly in favor of a marshall plan for middle class skills. community colleges. >> absolutely. and i think we can do some pretty radical things in education and training. you know, i don't see why education should be -- should cost -- why higher education should cost any american more than a nominal amount. i think that we can give tuition-free scholarships to everyone who attends public schools, public universities. and we have great public universities in america. and it would be a matter of rechanneling the student aid we now provide into this. and it would take it away from the private universities. i am saying look i'm a product of private universities but as a matter of public policy the distribution of money between the private and public sector in education i think
grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. @%u: a president has a new economic plan strikingly similar to the old one but has more pictures. four more years of the president's policies for the country in just moments. here's what have been don wall street. gdp expanded at 4% but news the economy is growing as some feared. of the edo squeezes out modest gains trading on the big board. 3.3 billion in line with recent activity. the dow is down and the nasdaq just over half a percent. gasoline futures moving higher with supply disruptions on the east coast worried about hurricane sandy. the 10 year note is coming back with a sense things are slowly improving. consumer confidence shows rising at to a five-year high. some expected more than that. more bad news with the president green energy agenda. despite -- inspector general slamming the green jobs training program and that the independent report. more than half of the 81,000 who part
about longer delays, and return to normal production and slightly bigger hit on the economy. s this's certainly true. >> tom: what about the impact on the job market. we were supposed to have the october jobs numbers this friday. still expected to come out. not going to be impacted because of this storm but what about november's numbers? >> that's a great question. sometime these major events, those storms are right in the mile of the reference period during which bls measures employment. but sandy is occurring almost directly between october's reference month and november's reference month, actually-- impact of this on the official government numbers for employment. >> tom: just 20 seconds left but damage to confidence at all, consumer confidence? >> no, i think not. people are resilient. they will see through this. they'll get back to the business of rebuilding which of course is a plus for gdp and back to that activity very quickly. >> we hope it happens faster than not. joeling prkenith us, a lookt the economy, macroeconomic advisors. it may seem a bit premature to talk about th
-cents, joining us now to analyze what is going on with the economy. these markets, arthur lapre it is great to have you with us. >> thank you, lou. lou: start with impact of the hurricane. to whether much is made too much made, of the impact on gdp growth or broad economy for next several months. >> it is just a temporary hit, i would expect from the storm. i don't think it will be long lasting or affect gdp growth. it will not affect the ream economy over -- real economy over any long run. lou: our hearts go out to those who suffered so much damage and devastation, and losses. and those who lost loved ones. this is a very tough time, and it is almost impossible to judge what the impact will be, psychically on the nation. andn terms of the politics. give us your best assessment there. >> well, i don't think it will have much of an affect on politics, both candidates handled themselves well. president oba of presidential, and did these duties correctly. i don't think that mitt romney any anything wrong. he was very respectful of the storm and respectful of the people. i think the
this nation strong and build an economy that puts our people to work that guarantees a bright future for our children. i love you. i thank you. we're going to win with your help. thank you. thank you. [applause] [captioning performed by national captioning institute] [inaudible] ♪ ♪ ♪ ♪ >> trying, with four days before it the election, the romney campaign will kick off eight rotatory. -- a road tour. we will be live from west chester, ohio at 7:30 p.m. eastern on c-span. later, the new penn state president rodney erickson. that is live at 1:00 p.m., eastern. >> these are the stories that your textbook left out. they are real people in american history. very important moment in american history that we do not know about. programs that came 50 years before the mayflower sailed. , they were wiped out by the spanish. we have completely left the story out of the textbooks. the most famous woman in america, she was taken captive by indians in 1665. she killed her captors, and realized she could get a bounty for indian scalps. she made her way to boston where she was a heroine. they erected
the economy is a virtual stand still. he blames the president. >> they said he's going to lower unemployment rate down to 5.2% now. today, we've learned it's 7.9%. that is nine million jobs short of what was promised. >> claiming the economy is expanding but at a moderate pace. >> mark math use will have more on this for you. >> right he spoke about significance of the numbers and what they mean. >> record number of californians will be able to pick up the race announcing 18.2 million californians are registered to vote but the percentage is roughly the same as years past. >> in san jose a jury deciding fate of a former elementary school principal charged with failing to report the molestation of an 8-year-old girl. >> happening now at the superior court, a jury is deliberating the case of a former principal accused of not reporting a case of suspected child abuse. closing arguments took place this morning. the misdemeanor count focuses on these notes when the principal took in 2011. a third grader student says her teacher blind folded her, made her lie on the floor and put a gooey something
morning. i think the reality is that there is still going to be a lot that is lost from this economy. initial estimates right now are 30, 40, some as high as $50 billion that could be lost as a result of all of this storm activity. however, and this is what you're referring to. some economists are saying, well, you might see a pick up in building activity and homes need to be rebuilt and construction projects need to resume and, thus, you could see another $30 billion potential in construction that happens after the fact. nonetheless, as you point out, you're left with all those economic costs in the immediate term. all those waitresses not waiting tables right now are not making tips. the movie theater that was closed in new york taking in, as you point out, $3,000 in revenue. that stuff has a snowballing effect. what it does, victor, it creates an immediately slow down in the economy that hopefully, at some point, starts to turn around. but those losses are very real and they take time to dig out from under. as far as the construction goes, yes, we will probably see more constructi
those unemployed and underemployed fell ever so slightly, but holding at 14.6%, the economy is not creating enough new jobs to brighten the employment picture. three years after the recession ended we should be creating at least 250,000 new jobs a month. we are not. the economy remains weak, despite record government spending and an extra 5 1/2 trillion dollars worth of debt. aust austan goolsbee will be joining us, he helped to write the policies,'s no longer with the administration, he hasn't been here for a while, but returning today. here is how it went last time around. >> stuart, my job is not to do spin just bb to be the policy guy. i think this job reports highlights what strengths we've start today develop and highlight the head winds we're facing and need to do more. on the positive side, this is the 9th straight month of private sector job creation. stuart: okay, now, that was two yearsing. will he say the same thing this time around. find out in four minutes and we'll talk with glenn hubbard, mentioned as a possible treasury secretary in a romney administration.
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